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Politics : Politics for Pros- moderated
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To: DMaA who wrote (228746)11/20/2007 10:04:28 AM
From: LindyBill   of 793917
 
inflation here.

Bush has been pulling an "LBJ" and gunning the money supply to pay for Iraq. Bush has got away with it because world, and our growth, combined with other country's desire to hold our money, have sucked it up. LBJ didn't have that going for him.

BUT. The world is now awash in dollars. A lot of them went into bad mortgages. Which are now coming home to roost. If this absorbs the collapse and makes the money boys skittish, it may turn out to be a blessing. Better a small collapse on that front now and no big collapse later.
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